Paylocity vs Paymo
A head-to-head comparison to help you pick the right tool
Last updated: April 30, 2026
Paylocity
Paylocity is a modern HR and payroll platform designed for mid-market businesses. It combines payroll processing with employee engagement tools, learning management, and workforce analytics. Paylocity stands out for its strong mobile experience and focus on building connected, engaged workplaces.
Paymo
Paymo is a project management and time tracking tool built for freelancers and small agencies. It combines task management, time tracking, invoicing, and resource scheduling in one platform.
Pros
- ✓Strong employee engagement and communication tools
- ✓Excellent mobile app for both managers and employees
- ✓Modern UI with good user adoption rates
- ✓Robust payroll with strong compliance features
Cons
- ✗Pricing requires a sales call and is not published online
- ✗Implementation can be complex for larger organizations
- ✗Some advanced features require additional modules at extra cost
Pros
- ✓Built-in time tracking and invoicing
- ✓Good resource scheduling
- ✓Ideal for client-facing work
- ✓Affordable pricing
- ✓Clean interface
Cons
- ✗Not suited for large enterprise teams
- ✗Limited automation
- ✗Smaller integration ecosystem
- ✗Reporting less robust than competitors
Paylocity vs Paymo: Side by Side
| Factor | Paylocity | Paymo |
|---|---|---|
| User Rating | N/A | N/A |
| Category | HR Software | Project Management |
| Pricing Model | Paid | Freemium |
| Starting Price | Custom pricing | Contact for pricing |
| Best For | Mid-market businesses with 20-1000 employees | Freelancers and small agencies needing project management combined with time tracking and client invoicing |
| Our Pick | — | — |
Paylocity Features
- ✓Payroll
- ✓benefits
- ✓talent management
- ✓workforce management
- ✓analytics
- ✓employee self-service
Paymo Features
- ✓Project management
- ✓time tracking
- ✓invoicing
- ✓expense tracking
- ✓team collaboration
- ✓client portal
Pricing Comparison
Our Take
Choose Paylocity if mid-market businesses with 20-1000 employees. Choose Paymo if freelancers and small agencies needing project management combined with time tracking and client invoicing.
Best For
Mid-market businesses with 20-1000 employees
Best For
Freelancers and small agencies needing project management combined with time tracking and client invoicing
Also Consider
If neither Paylocity nor Paymo is the right fit, Justworks is worth evaluating.
Justworks
Small businesses wanting Fortune 500 benefits
From $59/employee/mo
Frequently Asked Questions
What is the difference between Paylocity and Paymo?
Paylocity is best for mid-market businesses with 20-1000 employees. Paymo is best for freelancers and small agencies needing project management combined with time tracking and client invoicing.
Which is better, Paylocity or Paymo?
Choose Paylocity if mid-market businesses with 20-1000 employees. Choose Paymo if freelancers and small agencies needing project management combined with time tracking and client invoicing.
How much does Paylocity cost?
Paylocity starts at Custom pricing. Pricing model: Paid.
How much does Paymo cost?
Visit Paymo website for current pricing.
Who should use Paylocity?
Mid-market businesses with 20-1000 employees
Who should use Paymo?
Freelancers and small agencies needing project management combined with time tracking and client invoicing